Puration Inc.
(OTCMKTS:PURA) has
really been off our radar since the summer, but the
company surged up +30% today. PURA’s return to our
radar was courtesy of an LOI with Greenbelt Resources to operate a
cannabis extraction facility.
When operational, the
facility will serve the local legal recreation cannabis market and
the CBD oil market where legal. PURA has licensed a patented
process for extracting cannabinoids from the cannabis plant. As an
extension of its extraction business plan, in March, the conpany
introduced EVERx CBD Infused Sports Water at Arnold
Schwarzenegger’s annual Arnold Sports Festival
in Columbus, Ohio. EVERx CBD Infused Sports Water is currently
available at Drug Emporiums.
Puration Inc. (OTCMKTS:PURA)
bills itself as a company that has been a water purification
company. PURA is involved in the design, development, engineering,
production, marketing, and distribution of personal and group
systems that filter, purify, clean, extract or otherwise improve
the quality of water on a cost effective, affordable basis, with a
minimum of environmental impact.
PURA operates a U.S.
Patented Cannabis Extraction process and sells its extracts for
infusion into a variety of consumer products to include beverages,
foods, nutritional supplements and cosmetics.
Resulting from their own
design and engineering, the company’s water purification systems
include personal water filter bottles, collapsible water pouches,
replacement filters, and travel filters.
PURA continues to
strengthen its cannabis infused beverage business as part of an
effort that seeks to accelerate revenue growth. The business
currently consists of in-house EVERx beverage line in addition to
the company providing extracts for third party beverages. Puration
has inked a partnership with North American Cannabis Holdings for
the development of its own AmeriCanna Café line of cannabis infused
beverages.
“Puration plans to develop its own
proprietary strains of Hemp and Marijuana within the
acquired greenhouse operation in order to enhance the Company’s
existing extraction business,” PURA said in
a statement.
In the past, the
acquisition of the 25 greenhouses grows operation remains the
company’s biggest investment as it moves to pursue growth
opportunities in the cannabis industry. In addition to
strengthening the PURA cannabis portfolio, the greenhouses will
help the company generate monthly income.
The company is currently
working on expanding production to 400 irrigated pads which should
lead to annual sales of up to $100 million. PURA is ramping up
production efforts on growing optimism that the legal cannabis
industry could be worth more than $20 billion by 2021. The new
greenhouses are located in regions of East Texas. The state has
also approved medical marijuana paving way for one of the fiercest
battles for market share as the race for sales heats
up.
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According to the release,
PURA recently completed successful tests of Greenbelt’s
bioethanol for use as a solvent during the extraction process.
Greenbelt produced the bioethanol from brewery waste collected in
its hometown, Paso Robles, California. Brewery waste, along
with other waste-based feedstocks, are targeted for use in
Greenbelt’s Paso Robles ECOsystem (PRECO), a
waste-to-energy interconnected system (ecosystem) that will produce 500,000 gallons of
bioethanol from a variety of local
feedstocks.
Now commanding a
market cap of $1.75M, PURA has an interesting deal in
the works here. The CBD Oil market has serious big money potential.
As more color becomes clear on the name, we will review the
situation and update our take. For continuing coverage
on shares of $PURA stock, as well as our other breakout stock
picks, sign up for our free newsletter today and get our next hot
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Disclosure: we hold no
position in $PURA, either long or short, and we have not been
compensated for this article.
Source: Oracle Dispatch
https://oracledispatch.com/2017/12/07/puration-inc-otcmktspura-strikes-interesting-loi/